... Fulfillment Ratio Fulfillment Ratio Examples Example 1: Participating policy with annual and terminal dividends Assume that the policy was issued on 1 January 2020: End of Policy Year...

... hub and global risk management centre by leveraging on the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and the Belt and Road Initiative (BRI). She said, “My Government is in an advanced stage of discussion with the Mainland on the proposed establishment of after-sale service...

... expressed their concerns over the complexities involved. Some insurers have misinterpreted it as a substitute for regulatory capital requirements. With emphases on insurers’ own processes on risk quantification and risk management techniques, the revised draft Guideline replaced “internal economic capital...

... understatement to say that the pandemic is an ultimate stress test on our collective resolve and resilience. Despite the widespread disruptions, however, we are witnessing some positive responses with insurers revamping their product mix to ride on the rising awareness of personal exposure risks, redirecting...

... understatement to say that the pandemic is an ultimate stress test on our collective resolve and resilience. Despite the widespread disruptions, however, we are witnessing some positive responses with insurers revamping their product mix to ride on the rising awareness of personal exposure risks, redirecting...

... insurance policy by misrepresentation, fraud or unethical means; wrongful conduct in signing or completing insurance related documents; improper conduct in the carrying on of insurance business or regulated activities (e.g. failing to comply with the requirements in the Insurance...

... on Medical Insurance Business The above GLs have already commenced on 23 September 2019 with the provision of a transitional period that runs until 22 September 2020, except GL 31 which was published on 29 November 2019 for commencement on 23 September 2020. Fully recognising that the COVID-19...

... on Medical Insurance Business The above GLs have already commenced on 23 September 2019 with the provision of a transitional period that runs until 22 September 2020, except GL 31 which was published on 29 November 2019 for commencement on 23 September 2020. Fully recognising that the COVID-19...

... seamless engagement with stakeholders and the market, fostering our close link with fellow regulators locally and abroad in addressing the emerging threats in the global arena.” Dr Moses Cheng Chairman LOCaL PErSPECTivE Over the past year, the Insurance Authority (“IA”) has achieved impressive progress on...

... seamless engagement with stakeholders and the market, fostering our close link with fellow regulators locally and abroad in addressing the emerging threats in the global arena.” Dr Moses Cheng Chairman LOCaL PErSPECTivE Over the past year, the Insurance Authority (“IA”) has achieved impressive progress on...